For decades, central bankers have dismissed monetary aggregates — measures of total money in circulation, such as M4 in the … Continue reading “Elon Musk, the accidental monetarist?”

Contents Summary The existing monetary framework of the Bank of England fails to manage supply-side shocks and financial crises effectively, … Continue reading “Rethinking Monetary Policy”

UK universities were once heralded as the beacons of intellectual excellence, places where ideas were rigorously tested and where students … Continue reading “Why university needs to be more than a printing press for degrees”

The Bank of England’s (BoE) decision on 1 August to cut interest rates by 25 basis points, reducing Bank Rate … Continue reading “Is the “New Great Inflation” over? (And if so: what happens next?)”

The Bank of England’s latest Monetary Policy Report has finally embraced what monetarist economists have long demanded: the inclusion of … Continue reading “The critical role of “broad money”: lessons from history”